Figure: Price Ceiling in a Generic Market 
Refer to the figure. If the government imposes a price ceiling at the price of $4.00, the result would be a:
A) surplus of 40 units.
B) shortage of 40 units
C) surplus of 20 units.
D) shortage of 20 units.
Correct Answer:
Verified
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Figure: Supply
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Figure: Supply
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